Gulf Construction Online - Trump triumph for Nakheel

UAE Focus

An artist’s impression of The Palm Trump International Hotel and Tower.

Trump triumph for Nakheel

01 November 2005

Nakheel, developer of more than $30 billion in real estate in Dubai, and The Trump Organisation, a US-based global property developer, have entered into an exclusive joint venture deal to develop extensive real estate offerings throughout the Middle East.

The venture’s first project, the $400 million The Palm Trump International Hotel and Tower, will come up on Nakheel’s signature development The Palm, Jumeirah.
Spanning 5 km in length and 5 km in width, The Palm Jumeirah is one of the world's largest man-made islands, creating the shape of a palm tree in the Arabian Gulf.
The Palm Trump International Hotel and Tower will provide a spectacular luxury centre-piece hotel on The Golden Mile – the exclusive residential and retail boulevard on the trunk of The Palm Jumeirah.
The project will pioneer the condo-apartment hotel concept in the region. The development will feature approximately 500 apartments (one, two and three-bedroom studios and penthouses), which can be bought to own, and each residence will have the luxury of access to five-star hotel services and amenities.
“The development will be the first project in Dubai where each room, on the entire 360 degrees of the tower, will be guaranteed a sea view. The development will also include a selection of high-end boutiques, fine dining, signature roof-top restaurants, bars, swimming pools, and a luxurious spa and health club,” says a spokesman.
The Trump Organisation’s agreement with Nakheel includes exclusive rights for 19 countries in the Middle East region and 17 major brands. The Trump Organisation will be investing substantial sums directly in the projects, and will have sales, marketing and management responsibility for each real estate development, including introducing The Trump Touch concierge services to the UAE.
Donald Trump, The Trump Organization’s chairman and president, says: “I am delighted to invest, manage and sell this project on what is clearly the best location in Dubai. When I look at potential sites for real estate investment, I concentrate on 'location, location, location’ – and this is not only the best location in Dubai, but the whole of the Middle East.”
“The hotel will offer a unique opportunity to own an elegantly appointed hotel suite on Dubai’s world famous Palm. The hotel will serve as the perfect pied-a terre for those who like a second, or even third home, but without the responsibility of maintaining a residence. These superb accommodations may be purchased for personal or corporate use and occupied as much or as little as desired.
“When in residence, owners will have full access to the exceptional five-star amenities and incomparable services to this truly luxurious hotel. When not occupied, owners will have the option of making their room available as part of the hotel.
“Our designers and architects will be engaged closely with Nakheel on the design and interior finishes of the building to ensure the quality is of the absolute highest standards,” he says.
Sultan Ahmed bin Sulayem, executive chairman Nakheel, says: “With The Palm, Jumeirah development, Nakheel is creating an icon for the 21st century, and it is entirely fitting that The Trump Organisation is a key player and investor in realising this vision.”
The tower’s iconic “tulip” design will incorporate a state-of-the-art exo-skeleton frame, which will minimise the number of internal structural columns, thus maximising floor space and ensuring uninterrupted views of both The Palm and the Arabian Gulf throughout the tower.